Lbp Am Sa Purchases 30,137 Shares of Karman Holdings Inc. $KRMN

Lbp Am Sa grew its holdings in Karman Holdings Inc. (NYSE:KRMN) by 330.4% during the third quarter, Holdings Channel reports. The firm owned 39,259 shares of the company’s stock after acquiring an additional 30,137 shares during the quarter. Lbp Am Sa’s holdings in Karman were worth $2,834,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Farther Finance Advisors LLC increased its position in Karman by 56.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock valued at $33,000 after buying an additional 164 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Karman by 5,718.2% in the 3rd quarter. Global Retirement Partners LLC now owns 640 shares of the company’s stock worth $46,000 after acquiring an additional 629 shares in the last quarter. Global Trust Asset Management LLC bought a new stake in Karman in the 2nd quarter worth about $50,000. Penserra Capital Management LLC bought a new position in shares of Karman in the second quarter valued at approximately $95,000. Finally, Amalgamated Bank bought a new position in Karman in the 2nd quarter valued at $100,000.

Insiders Place Their Bets

In other news, insider Stephanie Sawhill sold 62,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $63.93, for a total transaction of $3,963,660.00. Following the completion of the transaction, the insider directly owned 504,939 shares of the company’s stock, valued at approximately $32,280,750.27. This represents a 10.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Jonathan Beaudoin sold 74,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $63.69, for a total value of $4,713,060.00. Following the transaction, the chief operating officer directly owned 666,861 shares of the company’s stock, valued at $42,472,377.09. The trade was a 9.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 251,000 shares of company stock valued at $15,419,170 in the last ninety days.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on KRMN shares. BWS Financial reissued a “sell” rating and set a $37.00 target price on shares of Karman in a research report on Thursday, January 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Karman in a research report on Monday, December 29th. Truist Financial set a $118.00 target price on shares of Karman in a report on Friday, January 9th. Citigroup increased their target price on shares of Karman from $123.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, KeyCorp assumed coverage on shares of Karman in a research report on Thursday, December 18th. They set an “overweight” rating and a $80.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.67.

Karman Price Performance

Shares of Karman stock opened at $113.48 on Wednesday. The firm has a market capitalization of $15.02 billion and a PE ratio of 453.92. Karman Holdings Inc. has a 12 month low of $25.02 and a 12 month high of $116.90. The business’s 50-day moving average price is $81.23 and its 200-day moving average price is $69.76. The company has a current ratio of 2.86, a quick ratio of 2.69 and a debt-to-equity ratio of 1.27.

Karman (NYSE:KRMN) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The company had revenue of $121.79 million during the quarter. Karman had a net margin of 2.65% and a return on equity of 11.11%. Karman’s revenue for the quarter was up 41.7% on a year-over-year basis. During the same period last year, the company posted $0.04 EPS.

Karman Profile

We specialize in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging missile and defense, and space programs. Our integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (“DoD”) and space sector initiatives. We estimate that no single program accounted for more than 10% of sales for the nine months ended September 30, 2024 or the twelve months ended December 31, 2023, with revenue from over 100 active programs supporting current production and next-generation space, missile, hypersonic, and defense applications.